Litecoinforecast
LITECOIN LAYER 1 BLOCKCHAIN.. 1 of the oldest in the game. Greeeeeeeeetings my friends from Amsterdam..
Today my eyes on LITECOIN.. One of the oldest blockchain participants in the game...
The chart is looking very sexy...
definitely going to buy Litecoin because I have high hopes for layer 1 blockchains in the next run.. This in combination with Rollups projects.. Example MAtic and loopring etc...
Getting back to the chart.. We see the major trendline starting back all at 20 october of 2020 till now..
We see the minor more recent trendline and that support line.. Price makes a run, pullback another run and than pullback all the way back at that support line..
Well that wouldn't have been the case if the American indices didn't fall because of the Omicron variant on the 4th of December..
Most of the Altcoins have had a run recently getting back up after that day.. As you see Litecoin hasn't..
Price is ranging/accumulating getting ready for a blow off...
LTC - mid term trade setupLTC dumped, as most of the crypto market.
Overall crypto future is still uncertain but I like this chart.
LTC hit support and create some wicks which indicates buy pressure. Long term trendline is also retested, Stoch RSI is oversold.
Risk/reward ration here is acceptable, I'm targeting 50% gain.
When LTC dumped last time it retraced exactly to 0.618 Fib.
For this trade I'm looking also at this level which is also daily resistance (red box).
If LTC dump under 130$ I'm closing this position.
Long term hodl position doesn't have anything with this trade.
LTC Litecoin: Weekly Chart UpdateHello friends, today you can review the technical analysis on a 1W linear scale chart for Litecoin ( LTCUSD ), a cryptocurrency.
1) Litecoin price has been falling since the May 2021 local high.
2) Currently the price is close to touching a multi-month support line. If price breaks the support line, keep an eye on the 0.236 Fibonacci Retracement level to possibly hold support. If price breaks that region, there is a multi-year support trendline that may support the price.
3) RSI (relative strength index) is currently being supported by a multi-year trendline.
4) Overall crypto market is not looking strong so be cautious.
5) This is a weekly chart so be patient with price action.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC Litecoin on Accumulation zone possible bull run anytime soonLitecoin still in an accumulation zone when the price makes a double top its when no longer has the strength to go up, it tries but there is rejection then it is still in the range channel or accumulation zone.
NOTE: check how many times the price has bounced in the same area so this really gets my attention of a possible bull run soon.
Litecoin- Best place to sellFrom all the big 4, Litcoin is the most bearish, and if we look back we can see that ATHs in Btc or Eth only made a spike in Ltc and not even close to its ATH.
Technically speaking we are under 180-190 support, which now should act as resistance and we also have a clear downtrend on this coin. This is the zone that I will look for selling opportunities and only LtcUsd back above 200 would make me change my mind. The first target can be the recent low, but if we'll have a big sell of on crypto market LtcUsd can drop even to 100 zone
$541 LTC in January - but a couple IF's
- Cup and handle breakout has failed the first time. (Green trendline)
- Teleportation upon claiming green line (A) as support.
- HTF Resistance (orange) is quite near.
Either a strong candle breaching both important lines, or we consolidate in between for a week or so.
Target is $541 once alt season begins (January 2022).
LTC Litecoin: Re-test of Support LinesHello friends, today I am completing a technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted.
#CryptoPickk notes the following:
1) The Litecoin price has been falling since the all time high in May 2021. The price has also ranged in a triangle pattern since that point.
2) The Litecoin price has been supported by two bottom trendlines as shown by the yellow colors. The price has the potential to re-test the first support trendline which would bring the price to around $177-$180. If this does not hold, the price will have the support of a multi-month trendline which it could re-test around $130-$135. If price breaks below the bottom support trendline, a bigger drop is possible.
3) The first support trendline is also the 0.236 Fibonacci Retracement level where the price generally has reverse potential.
4) The RSI (relative strength index) is supported by a bottom trendline which it has been bouncing off of. If this breaks, the price has potential to drop.
5) The Volume has been consistent so expect volatility.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Litecoin Rally December 9th (update)Go over my last TA first.
What we want to see is price going down coming into this fibonacci time date , these dates act as pivot points most of the time so really we don't want price to be going up coming into this date . At the moment we are in a ascending wedge on the hourly only keep at in mind , a break here would bring price down to the marked support line most likely , also we failed to break this Gann ratio once before. Keep in mind that there two Gann ratios in play here the thick pink line across is the macro 8/1 Gann ratio.
Just 8 days left till the December 9th who knows what will happen
Litecoin Rally to 1400 dollars starts soonLitecoin will start its multi month rally soon a entry in this area would be one of the best entrys your going to get for the rest of the bull run.
The last Litecoin TA we got the breakout (orange circle) up to 300 dollars but price failed to close above the 8/1 Gann ratio on a daily , this is why I closed my position in this area, leaving a long under a marco 8/1 Gann ratio is far to risky especially if its not able to close above it as support.
Right now what you see is two different Gann ratios a Marco one and a micro one . To get a better look at the marco one check out this TA below.
So litecoin has broken the 2/1 Gann ratio which is a good sign but we up against a very strong reaction point (horizontal red line) this reaction line has played a big part of Litecoins moves this year so its important to follow it.
For me I shall sit back and wait for December 9th its a strong Fib time Zone sequence that I think its going to play out , maybe price doesn't do much that day but normally these Fib times zones when they work they act as pivot points in price so even if there isn't some crazy price action it will be in fact the best time to place a trade.
So the questions is where will price be on this date the small channel in orange or the dotted line in yellow as final support, if Bitcoin goes down to 50-53k expect this area to be hit .
Its crazy to think one can predict price pivots in the future but look at the TA below last Fib count I got another amazing entry so lets see what the next one brings , I have a good feeling about this Fib sequence a lot of things line up with these dates.